EP3983977A4 - Refunding real-time payment transaction - Google Patents

Refunding real-time payment transaction Download PDF

Info

Publication number
EP3983977A4
EP3983977A4 EP20823326.2A EP20823326A EP3983977A4 EP 3983977 A4 EP3983977 A4 EP 3983977A4 EP 20823326 A EP20823326 A EP 20823326A EP 3983977 A4 EP3983977 A4 EP 3983977A4
Authority
EP
European Patent Office
Prior art keywords
refunding
real
payment transaction
time payment
time
Prior art date
Legal status (The legal status is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the status listed.)
Pending
Application number
EP20823326.2A
Other languages
German (de)
French (fr)
Other versions
EP3983977A1 (en
Inventor
Sandeep Malhotra
Irina SINGH
Suman Rausaria
Current Assignee (The listed assignees may be inaccurate. Google has not performed a legal analysis and makes no representation or warranty as to the accuracy of the list.)
Mastercard International Inc
Original Assignee
Mastercard International Inc
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Mastercard International Inc filed Critical Mastercard International Inc
Publication of EP3983977A1 publication Critical patent/EP3983977A1/en
Publication of EP3983977A4 publication Critical patent/EP3983977A4/en
Pending legal-status Critical Current

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/40—Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
    • G06Q20/407—Cancellation of a transaction
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/08—Payment architectures
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/08—Payment architectures
    • G06Q20/10—Payment architectures specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/22—Payment schemes or models
    • G06Q20/26—Debit schemes, e.g. "pay now"
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/30—Payment architectures, schemes or protocols characterised by the use of specific devices or networks
    • G06Q20/34—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using cards, e.g. integrated circuit [IC] cards or magnetic cards

Landscapes

  • Business, Economics & Management (AREA)
  • Engineering & Computer Science (AREA)
  • Accounting & Taxation (AREA)
  • Physics & Mathematics (AREA)
  • Strategic Management (AREA)
  • General Business, Economics & Management (AREA)
  • General Physics & Mathematics (AREA)
  • Theoretical Computer Science (AREA)
  • Finance (AREA)
  • Computer Networks & Wireless Communication (AREA)
  • Microelectronics & Electronic Packaging (AREA)
  • Computer Security & Cryptography (AREA)
  • Development Economics (AREA)
  • Economics (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)
EP20823326.2A 2019-06-13 2020-04-17 Refunding real-time payment transaction Pending EP3983977A4 (en)

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US16/440,055 US11386432B2 (en) 2019-06-13 2019-06-13 Refunding real-time payment transaction via payment card network messaging and settlement
PCT/US2020/028741 WO2020251657A1 (en) 2019-06-13 2020-04-17 Refunding real-time payment transaction

Publications (2)

Publication Number Publication Date
EP3983977A1 EP3983977A1 (en) 2022-04-20
EP3983977A4 true EP3983977A4 (en) 2023-07-05

Family

ID=73744654

Family Applications (1)

Application Number Title Priority Date Filing Date
EP20823326.2A Pending EP3983977A4 (en) 2019-06-13 2020-04-17 Refunding real-time payment transaction

Country Status (5)

Country Link
US (2) US11386432B2 (en)
EP (1) EP3983977A4 (en)
AU (1) AU2020291370A1 (en)
SG (1) SG11202111022XA (en)
WO (1) WO2020251657A1 (en)

Families Citing this family (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US11842330B2 (en) * 2020-08-06 2023-12-12 Visa International Service Association Method and system for routing payment transactions of a payment account
CN115204875B (en) * 2022-07-13 2023-10-24 江骞 Stored value card fund safety control method and device

Citations (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20190043052A1 (en) * 2015-07-01 2019-02-07 The Clearing House Payments Company, L.L.C. Real-time payment system, method, apparatus, and computer program

Family Cites Families (11)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7318047B1 (en) * 1999-12-29 2008-01-08 Pitney Bowes Inc. Method and apparatus for providing electronic refunds in an online payment system
US20020161698A1 (en) * 2000-10-04 2002-10-31 Wical Kelly J. Caching system using timing queues based on last access times
EP1495422A4 (en) 2002-04-04 2007-07-18 Catalina Marketing Int Product recall using customer prior shopping history data
US8249965B2 (en) 2006-03-30 2012-08-21 Obopay, Inc. Member-supported mobile payment system
US20120095873A1 (en) 2010-10-14 2012-04-19 Ebay Inc. Escrow management system for marketplaces
US9996834B2 (en) * 2012-07-02 2018-06-12 Mastercard International Incorporated Systems and methods for settling chargeback transactions
US20160371680A1 (en) * 2015-06-19 2016-12-22 Stanley Kevin Miles Systems and methods for secure payment
US20160379216A1 (en) 2015-06-26 2016-12-29 Vantiv, Llc Automatic chargeback management
US20170221066A1 (en) 2015-07-01 2017-08-03 The Clearing House Payments Company, L.L.C. Real-time payment system, method, apparatus, and computer program
US20170243220A1 (en) * 2016-01-29 2017-08-24 Mastercard International Incorporated Systems and methods for blocking ineligible fraud-related chargebacks
WO2017197093A1 (en) * 2016-05-12 2017-11-16 Mastercard International Incorporated Communication network and method for processing pre-chargeback disputes

Patent Citations (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20190043052A1 (en) * 2015-07-01 2019-02-07 The Clearing House Payments Company, L.L.C. Real-time payment system, method, apparatus, and computer program

Also Published As

Publication number Publication date
WO2020251657A1 (en) 2020-12-17
US11386432B2 (en) 2022-07-12
SG11202111022XA (en) 2021-11-29
US20200394655A1 (en) 2020-12-17
US20220327540A1 (en) 2022-10-13
AU2020291370A1 (en) 2021-11-18
EP3983977A1 (en) 2022-04-20

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